Vietnamese Stocks: Petrovietnam Fertilizer, Hoa Phat, DongThap
The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, fell 1.6 percent to 405.02, paring its advance this week to 0.8 percent. The VN-30 Index (VN30), a free-float adjusted, market capitalization-weighted index of 30 stocks that have the highest market value and liquidity on the bourse, dropped 1.4 percent to 458.23.
Petrovietnam Fertilizer & Chemical Joint-Stock Co. (DPM VN), the country’s biggest fertilizer producer, rose 1.8 percent to 28,500 dong. The company net income increased 76 percent to 846 billion dong ($41 million) in the fourth quarter, it said in a statement on the bourse’s website. Net profit last year rose 82 percent to 3.1 trillion dong last year from a year earlier.
Hoa Phat Group Joint-Stock Co. (HPG) , Vietnam’s biggest listed steel producer, tumbled 4.8 percent to 19,700 dong, the most since Dec. 26. The company’s fourth-quarter net income dropped 66 percent to 143 billion dong from a year earlier, according to a statement on the stock exchange’s website. Hoa Phat’s consolidated net income fell to 1.28 trillion dong in 2011, from 1.38 trillion dong in 2010.
DongThap Trading Corp. (FDG) (FDG VN), which exports and imports a range of products, rose 4.6 percent to 15,900 dong. The company plans to pay its shareholders a dividend of 2,000 dong a share on April 2, it said in a company filing on the bourse’s website.
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